I'm voting to close this question as off-topic because this appears to be a legal question.
– ChrisInEdmontonSep 9 at 13:43

2

Yes, there is a legal/regulatory aspect to this question but it primarily pertains to finance. Since there is no SE page that is specifically focused on securities laws, I believe this is the most relevant page to post this.
– Mustard TigerSep 9 at 13:56

Would this information not be relevant to any personal investor who owns ETFs or mutual funds?
– Mustard TigerSep 9 at 15:13

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@ChrisInEdmonton I will vote to reopen this as it is the precursor to personal finance questions of how to evaluate disclosures written in financial products, and easily wordable as a personal finance question of basic investing portfolio suitability. The person simply isn't aware of the role of disclosures in SEC regulated financial products
– CQMSep 9 at 17:48